In the labor market, the supply curve represents A) the workers and the demand curve represents the product of the labor. B) the supply of workers, and the demand curve is the demand for their labor. C) the firms in the labor market and the demand curve is the labor seeking work. D) the supply of product produced by labor and the demand curve the consumer demand.

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15 July, 08:03

In the labor market, the supply curve represents A) the workers and the demand curve represents the product of the labor. B) the supply of workers, and the demand curve is the demand for their labor. C) the firms in the labor market and the demand curve is the labor seeking work. D) the supply of product produced by labor and the demand curve the consumer demand.

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Connor Clark · Answer 1

The answer is: B) the supply of workers, and the demand curve is the demand for their labor.

Explanation:

In the labor market;

The supply curve represents the amount of labor that the workers are willing to offer at different price levels (wages).

The demand curve represents the number of workers that businesses are willing and able to hire at different wages.